FRCS puts VAT Monitoring System to address the black economy and to ensure that Fiji is dealing with tax evasion

Fiji Village – Wednesday 26th June 2019.

The Fiji Revenue and Customs Service says the VAT Monitoring System or Electronic Fiscal Devices is to address the black economy and to ensure that the country is dealing with tax evasion.

CEO Visvanath Das says they have already found tax discrepancies amounting to more than half a million dollars in the medical sector after installing the electronic devices for point of sales.Read more…